by our College Data Analytics TeamMany students attending Gwynedd Mercy University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Gwynedd - Mercy.
$22,176.00 is the typical Gwynedd Mercy University’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Gwynedd Mercy University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by Gwynedd Mercy University.
100% of incoming freshmen (239 total) were given scholarships at Gwynedd Mercy University, averaging $18,588.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 94% of first-year students (224 total) got federal grant aid, averaging $2,544.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.41% | $24,046.00 |
| Income 30k-48k | 11.72% | $26,851.00 |
| Income 48k-75k | 17.99% | $24,619.00 |
| Income 75k-110k | 16.74% | $20,931.00 |
| Income 110k + | 21.76% | $18,303.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 239 undergraduate students at Gwynedd Mercy University around 100% (239 total) receive some form of grant aid. The typical amount awarded was $22,176.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.